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REGISTERED NUMBER: 04859302 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

SUDBURY TC LTD

SUDBURY TC LTD (REGISTERED NUMBER: 04859302)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SUDBURY TC LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: G H Millins
Mrs A E Millins





SECRETARY: Mrs A E Millins





REGISTERED OFFICE: 89 High Street
Hadleigh
Ipswich
Suffolk
IP7 5EA





REGISTERED NUMBER: 04859302 (England and Wales)





ACCOUNTANTS: Walter Wright
Chartered Accountants
89 High Street
Hadleigh
Ipswich
Suffolk
IP7 5EA

SUDBURY TC LTD (REGISTERED NUMBER: 04859302)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 96 478
Tangible assets 5 426,213 178,710
426,309 179,188

CURRENT ASSETS
Stocks 100,063 107,400
Debtors 6 309,024 262,150
Cash at bank 106,192 65,660
515,279 435,210
CREDITORS
Amounts falling due within one year 7 202,913 182,338
NET CURRENT ASSETS 312,366 252,872
TOTAL ASSETS LESS CURRENT
LIABILITIES

738,675

432,060

CREDITORS
Amounts falling due after more than one
year

8

(144,000

)

-

PROVISIONS FOR LIABILITIES (68,838 ) (33,955 )
NET ASSETS 525,837 398,105

CAPITAL AND RESERVES
Called up share capital 21,150 21,150
Retained earnings 504,687 376,955
SHAREHOLDERS' FUNDS 525,837 398,105

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SUDBURY TC LTD (REGISTERED NUMBER: 04859302)

BALANCE SHEET - continued
30 SEPTEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 March 2024 and were signed on its behalf by:





G H Millins - Director


SUDBURY TC LTD (REGISTERED NUMBER: 04859302)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Sudbury TC Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the sales of goods and services, is recognised on dispatch of the goods or provision of the service and excludes value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life.

Intangible assets
Computer software is being written off over estimated useful life of 3 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


SUDBURY TC LTD (REGISTERED NUMBER: 04859302)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 October 2022
and 30 September 2023 40,000 9,990 49,990
AMORTISATION
At 1 October 2022 40,000 9,512 49,512
Charge for year - 382 382
At 30 September 2023 40,000 9,894 49,894
NET BOOK VALUE
At 30 September 2023 - 96 96
At 30 September 2022 - 478 478

SUDBURY TC LTD (REGISTERED NUMBER: 04859302)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 806,990
Additions 271,857
Disposals (15,215 )
At 30 September 2023 1,063,632
DEPRECIATION
At 1 October 2022 628,280
Charge for year 24,354
Eliminated on disposal (15,215 )
At 30 September 2023 637,419
NET BOOK VALUE
At 30 September 2023 426,213
At 30 September 2022 178,710

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2022 131,370
Additions 265,150
Transfer to ownership (131,370 )
At 30 September 2023 265,150
DEPRECIATION
At 1 October 2022 63,269
Transfer to ownership (63,269 )
At 30 September 2023 -
NET BOOK VALUE
At 30 September 2023 265,150
At 30 September 2022 68,101

SUDBURY TC LTD (REGISTERED NUMBER: 04859302)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 303,922 260,519
Other debtors 5,102 1,631
309,024 262,150

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 36,000 29,620
Trade creditors 131,778 75,707
Taxation and social security 7,335 56,330
Other creditors 27,800 20,681
202,913 182,338

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 144,000 -

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 36,000 29,620
Between one and five years 144,000 -
180,000 29,620

Non-cancellable operating leases
2023 2022
£    £   
Within one year 7,333 -
Between one and five years 9,166 -
16,499 -

SUDBURY TC LTD (REGISTERED NUMBER: 04859302)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 180,000 29,620